Different Types of Entrepreneurship Based On Your Personality

It is often believed that for one to succeed in their profession, amongst the things one need to do is choose the “right” career path. A path suited to who one is on a personal level. But what about the “right” entrepreneurial path? Is it a determinant of business success? Does such a thing even exist?

Let’s find out! 👀

Depending on which of these five personality traits you score highly in, we have come up with five entrepreneurship paths that you can consider.

How Do You Select A Business Venture?

Riding on the most trendy of ideas may seem like a good approach when choosing a business to start. Others believe that following one’s passion is the way to go. But, these approaches may not be the most efficient.

In fact, based on a study at Stanford University, chasing one’s passion may limit success. Carol Dweck and Gregory Walton believe doing so “unrealistically implies an easy path to success, and narrows your focus too much.” Instead, they advocate for a career choice based on personal traits and strengths. Simply put, a career choice based on your personality. This is the same approach we propose for selecting an entrepreneurial path.

What Type Of Business Best Fits Your Personality?

There are numerous studies on personalities. Some analyse the subject as a whole while others focus on entrepreneurship. The result is a vast reserve of traits and classifications. So which of these studies do we follow to determine the best business choice for you?

Research shows that there are five personality traits that seem to traverse almost all personality classifications. These traits are:

• Openness
• Conscientiousness
• Extraversion
• Agreeableness
• Neuroticism

Depending on which of these five personality traits you score highly in, we have come up with five entrepreneurship paths that you can consider.

The Adventurer 🗺️

If energy was a person, it would definitely be you. You are a maze of ideas, and always ready to explore. People think of you as a free-spirit. You are very open-minded and this means your degree of openness is soaring above all else. You are always looking for a new challenge to tackle and rules aren’t your forte.

Do you picture yourself as this kind of person? If you do, then a creativity-inclined entrepreneurship venture could be where you’d feel most at home. Put your brilliant ideas into a business. Do some DIY products, start an art business, a fashion-related business, because creativity is your greatest strength.

The Trooper 🥷

Your devotion to duty and protocol is enviable. People often marvel at how disciplined and rule-oriented you are. You score highly on conscientiousness and there is no stopping you when it comes to making a solid plan.

If this describes you, then consider an entrepreneurship line that values detail and laid-down procedures. A consultancy-based venture would be a good place to start. Businesses with a social impact could also be your thing. You can also consider coming up with an innovation or making improvements on existing items or services because effectiveness is your stronghold.

Mr. and Ms. Popular 😎

If many people seem to find you as a charming, charismatic, and outgoing person, then you definitely fall under this class. Your ability to socialise with ease amongst a variety of settings is your greatest asset. You score highly in the extraversion trait and everything about you seems to exude confidence.

What this means is that you are more likely to thrive in a people-oriented business than a desk one. Consider starting an enterprise such as a real-estate business, a public relations organisation, a travel agency, a vlog or any other type of business that esteems the flawless ability to interact with people and capture their attention.

The Heart Of Gold 💛

Being around you makes almost everyone feel loved and cared for. You are kind, and polite. You manage to say no to people without hurting their feelings and your level of agreeableness is beyond imagination. If you can see yourself in this, then a service-oriented entrepreneurial venture could be the one for you.

With your ability to make most people feel special, you would thrive in an entrepreneurship venture that focuses on customer service. You can do wonders with a community-based organisation that helps improve people’s lives. A mentorship organisation or a counseling service would also be an area you’d thrive in. Also, offering daycare or nanny services or pet-care services could be well within your grasp because you are naturally nurturing.

The Observer 👀

You prefer solitude over interaction. People often describe you as a shy or distant person, always in the room, but never with the crowd. You standby and study people and situations before reacting to them. This means you have a very high sense of neuroticism. If you fall under this personality trait, you are likely to do very well in desk-oriented business. Because of your ability to distance yourself from people, you are more equipped to avoid distractions. This means you can easily focus and deliver on demanding tasks. You should consider starting a business that works less with people and more with data, machines, or devices.

A repair service would make for a good business. You can start a vehicle repair, or device repair service. You can have an installations and maintenance business. Also, if you have the skill set, you can venture into data analysis, research or software engineering businesses, which you are more likely to thrive in because of your high concentration span.

Find Business Information Made Specifically For You

Nobody is restricted to a particular entrepreneurship path. But, finding the path that works for you could be the first step to improving your chances of starting a successful business. What you need is more personalised information to help you make up your mind. Edventures is here to offer you this information and coaching. You don’t have to struggle all alone. Connect with us and we will let you know how to get started on simplified, personalised entrepreneurship education.

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